Xinjiang Joinworld Co Ltd

SHG:600888 China Aluminum
Market Cap
$1.81 Billion
CN¥13.31 Billion CNY
Market Cap Rank
#7280 Global
#1221 in China
Share Price
CN¥9.48
Change (1 day)
-5.29%
52-Week Range
CN¥6.52 - CN¥10.01
All Time High
CN¥10.53
Categories
Companies in China Aluminum
About

Xinjiang Joinworld Co., Ltd., together with its subsidiaries, engages in the research and development, production, and sale of aluminum products in China and internationally. The company offers aluminum, electronic aluminum foil, medium and high voltage electrode foil, corrosion foil, etched foil, chemical foil, formed foil, aluminum alloys, and other electronic components. Its aluminum products … Read more

Xinjiang Joinworld Co Ltd (600888) - Net Assets

Latest net assets as of September 2025: CN¥12.29 Billion CNY

Based on the latest financial reports, Xinjiang Joinworld Co Ltd (600888) has net assets worth CN¥12.29 Billion CNY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥19.79 Billion) and total liabilities (CN¥7.50 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥12.29 Billion
% of Total Assets 62.1%
Annual Growth Rate 19.29%
5-Year Change 126.5%
10-Year Change 241.28%
Growth Volatility 37.43

Xinjiang Joinworld Co Ltd - Net Assets Trend (1992–2024)

This chart illustrates how Xinjiang Joinworld Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Xinjiang Joinworld Co Ltd (1992–2024)

The table below shows the annual net assets of Xinjiang Joinworld Co Ltd from 1992 to 2024.

Year Net Assets Change
2024-12-31 CN¥11.11 Billion +14.07%
2023-12-31 CN¥9.74 Billion +14.95%
2022-12-31 CN¥8.47 Billion +22.08%
2021-12-31 CN¥6.94 Billion +41.49%
2020-12-31 CN¥4.90 Billion +7.41%
2019-12-31 CN¥4.57 Billion +24.96%
2018-12-31 CN¥3.65 Billion +6.08%
2017-12-31 CN¥3.44 Billion +4.93%
2016-12-31 CN¥3.28 Billion +0.86%
2015-12-31 CN¥3.25 Billion +1.72%
2014-12-31 CN¥3.20 Billion -14.33%
2013-12-31 CN¥3.73 Billion +1.04%
2012-12-31 CN¥3.70 Billion +3.93%
2011-12-31 CN¥3.56 Billion +64.32%
2010-12-31 CN¥2.16 Billion +14.27%
2009-12-31 CN¥1.89 Billion +8.99%
2008-12-31 CN¥1.74 Billion +181.37%
2007-12-31 CN¥617.69 Million +23.34%
2006-12-31 CN¥500.78 Million +19.13%
2005-12-31 CN¥420.37 Million +15.18%
2004-12-31 CN¥364.97 Million +18.42%
2003-12-31 CN¥308.20 Million +10.58%
2002-12-31 CN¥278.72 Million +18.18%
2001-12-31 CN¥235.85 Million +4.39%
2000-12-31 CN¥225.93 Million +15.32%
1999-12-31 CN¥195.92 Million -20.59%
1998-12-31 CN¥246.72 Million +4.66%
1997-12-31 CN¥235.73 Million +11.34%
1996-12-31 CN¥211.72 Million +119.48%
1995-12-31 CN¥96.47 Million +23.88%
1994-12-31 CN¥77.87 Million +30.54%
1993-12-31 CN¥59.65 Million +51.91%
1992-12-31 CN¥39.27 Million --

Equity Component Analysis

This analysis shows how different components contribute to Xinjiang Joinworld Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 474907679200.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥4.75 Billion 43.12%
Common Stock CN¥1.38 Billion 12.49%
Other Comprehensive Income CN¥1.50 Billion 13.65%
Other Components CN¥3.39 Billion 30.74%
Total Equity CN¥11.01 Billion 100.00%

Xinjiang Joinworld Co Ltd Competitors by Market Cap

The table below lists competitors of Xinjiang Joinworld Co Ltd ranked by their market capitalization.

Company Market Cap
STO Express Co Ltd
SHE:002468
 		$1.01 Billion
Koninklijke BAM Groep nv
PINK:KBAGF
 		$1.01 Billion
Luzerner Kantonalbank AG
LSE:0QNU
 		$1.01 Billion
Grupo Elektra S.A.B. de C.V
MX:ELEKTRA
 		$1.01 Billion
Nabors Industries Ltd
NYSE:NBR
 		$1.01 Billion
China Kings Resources Group Co
SHG:603505
 		$1.01 Billion
Shougang Fushan Resources Group Limited
F:FU7
 		$1.01 Billion
MCC Meili Paper Industry Co Ltd
SHE:000815
 		$1.01 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Xinjiang Joinworld Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 9,642,259,547 to 11,014,394,307, a change of 1,372,134,760 (14.2%).
  • Net income of 1,203,248,083 contributed positively to equity growth.
  • Dividend payments of 223,597,420 reduced retained earnings.
  • Share repurchases of 2,280,162 reduced equity.
  • Other comprehensive income increased equity by 1,416,721,077.
  • Other factors decreased equity by 1,021,956,818.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥1.20 Billion +10.92%
Dividends Paid CN¥223.60 Million -2.03%
Share Repurchases CN¥2.28 Million -0.02%
Other Comprehensive Income CN¥1.42 Billion +12.86%
Other Changes CN¥-1.02 Billion -9.28%
Total Change CN¥- 14.23%

Book Value vs Market Value Analysis

This analysis compares Xinjiang Joinworld Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 1.21x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 84.12x to 1.21x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1992-12-31 CN¥0.11 CN¥9.48 x
1993-12-31 CN¥0.17 CN¥9.48 x
1994-12-31 CN¥0.22 CN¥9.48 x
1995-12-31 CN¥0.28 CN¥9.48 x
1996-12-31 CN¥0.61 CN¥9.48 x
1997-12-31 CN¥0.68 CN¥9.48 x
1998-12-31 CN¥0.71 CN¥9.48 x
1999-12-31 CN¥0.56 CN¥9.48 x
2000-12-31 CN¥0.63 CN¥9.48 x
2001-12-31 CN¥0.68 CN¥9.48 x
2002-12-31 CN¥0.79 CN¥9.48 x
2003-12-31 CN¥0.88 CN¥9.48 x
2004-12-31 CN¥1.04 CN¥9.48 x
2005-12-31 CN¥1.21 CN¥9.48 x
2006-12-31 CN¥1.47 CN¥9.48 x
2007-12-31 CN¥1.01 CN¥9.48 x
2008-12-31 CN¥2.41 CN¥9.48 x
2009-12-31 CN¥2.62 CN¥9.48 x
2010-12-31 CN¥3.00 CN¥9.48 x
2011-12-31 CN¥4.19 CN¥9.48 x
2012-12-31 CN¥4.03 CN¥9.48 x
2013-12-31 CN¥4.07 CN¥9.48 x
2014-12-31 CN¥3.49 CN¥9.48 x
2015-12-31 CN¥3.53 CN¥9.48 x
2016-12-31 CN¥3.56 CN¥9.48 x
2017-12-31 CN¥3.72 CN¥9.48 x
2018-12-31 CN¥3.90 CN¥9.48 x
2019-12-31 CN¥4.40 CN¥9.48 x
2020-12-31 CN¥4.28 CN¥9.48 x
2021-12-31 CN¥5.55 CN¥9.48 x
2022-12-31 CN¥6.24 CN¥9.48 x
2023-12-31 CN¥7.14 CN¥9.48 x
2024-12-31 CN¥7.82 CN¥9.48 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Xinjiang Joinworld Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 10.92%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 16.44%
  • • Asset Turnover: 0.41x
  • • Equity Multiplier: 1.62x
  • Recent ROE (10.92%) is above the historical average (9.49%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1992 11.59% 3.48% 0.63x 5.32x CN¥622.55K
1993 17.21% 4.76% 0.98x 3.68x CN¥4.30 Million
1994 23.30% 7.47% 0.95x 3.29x CN¥10.35 Million
1995 26.13% 7.80% 0.90x 3.72x CN¥15.56 Million
1996 11.96% 8.00% 0.59x 2.54x CN¥4.16 Million
1997 10.19% 6.86% 0.57x 2.58x CN¥436.12K
1998 -9.27% -8.20% 0.39x 2.92x CN¥-47.54 Million
1999 1.52% 0.93% 0.44x 3.66x CN¥-16.62 Million
2000 11.32% 5.98% 0.46x 4.12x CN¥2.91 Million
2001 13.23% 7.45% 0.34x 5.17x CN¥7.61 Million
2002 14.35% 9.89% 0.32x 4.49x CN¥12.01 Million
2003 11.58% 7.37% 0.34x 4.59x CN¥4.84 Million
2004 15.74% 9.78% 0.42x 3.87x CN¥20.87 Million
2005 13.93% 9.85% 0.44x 3.24x CN¥16.50 Million
2006 15.34% 9.81% 0.58x 2.69x CN¥26.74 Million
2007 19.43% 11.38% 0.72x 2.37x CN¥58.41 Million
2008 5.76% 10.29% 0.40x 1.39x CN¥-73.65 Million
2009 9.62% 17.21% 0.39x 1.42x CN¥-7.12 Million
2010 13.48% 18.17% 0.42x 1.75x CN¥75.28 Million
2011 7.76% 13.79% 0.28x 1.98x CN¥-79.50 Million
2012 4.18% 6.86% 0.31x 1.97x CN¥-214.40 Million
2013 2.34% 2.34% 0.46x 2.17x CN¥-284.92 Million
2014 -16.63% -9.96% 0.61x 2.76x CN¥-850.13 Million
2015 0.76% 0.32% 0.85x 2.78x CN¥-297.97 Million
2016 1.21% 0.71% 0.57x 2.98x CN¥-286.31 Million
2017 3.55% 2.01% 0.59x 2.98x CN¥-219.30 Million
2018 5.07% 3.72% 0.47x 2.91x CN¥-176.48 Million
2019 3.14% 2.96% 0.40x 2.62x CN¥-306.50 Million
2020 7.30% 6.14% 0.49x 2.44x CN¥-129.62 Million
2021 12.47% 10.37% 0.59x 2.04x CN¥168.97 Million
2022 18.50% 20.01% 0.54x 1.71x CN¥711.05 Million
2023 16.19% 23.89% 0.39x 1.73x CN¥597.19 Million
2024 10.92% 16.44% 0.41x 1.62x CN¥101.81 Million

Industry Comparison

This section compares Xinjiang Joinworld Co Ltd's net assets metrics with peer companies in the Aluminum industry.

Industry Context

  • Industry: Aluminum
  • Average net assets among peers: $4,846,992,485
  • Average return on equity (ROE) among peers: 5.40%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Xinjiang Joinworld Co Ltd (600888) CN¥12.29 Billion 11.59% 0.61x $1.01 Billion
Jiaozuo Wanfang Aluminum (000612) $5.30 Billion 5.72% 0.48x $1.56 Billion
Yunnan Aluminium Co Ltd (000807) $20.91 Billion 15.94% 0.81x $8.73 Billion
Henan Shenhuo Coal & Power Co Ltd (000933) $10.42 Billion -3.52% 3.91x $6.78 Billion
Guangdong Hongtu Technology Holdings Co Ltd (002101) $1.35 Billion 8.74% 0.89x $589.47 Million
Jiangsu Alcha Aluminium Co Ltd (002160) $2.90 Billion -14.82% 1.20x $644.16 Million
Nanjing Yunhai Special Metals Co Ltd (002182) $1.09 Billion 0.35% 1.17x $1.49 Billion
ZYF Lopsking Aluminum Co Ltd (002333) $146.13 Million 24.51% 1.53x $135.36 Million
Shandong Hongchuang Aluminum Industry Holding Co Ltd (002379) $1.96 Billion -3.52% 0.60x $3.60 Billion
Jilin Liyuan Precision Manufacturing Co Ltd (002501) $3.44 Billion 11.58% 0.95x $703.83 Million
Tianshan Aluminum Group Co Ltd (002532) $958.82 Million 9.00% 0.33x $5.67 Billion